Bitcoin Forum
November 21, 2018, 03:13:55 AM *
News: Latest Bitcoin Core release: 0.17.0 [Torrent].
 
   Home   Help Search Login Register More  
Pages: « 1 2 [3]  All
  Print  
Author Topic: Daniel Mross paid 2700 BTC to ButterflyLabs in 2012 for 25 Gh/s  (Read 6891 times)
notlist3d
Legendary
*
Offline Offline

Activity: 1470
Merit: 1000



View Profile
February 04, 2016, 04:03:56 AM
 #41

So very few hardware manufacturers in the Bitcoin ever delivered more wealth to their clients despite making grandiose claims.  BFL was probably the biggest loudmouth of them all.

The only mass production hardware manufacturers are Bitmain, Avalon, KNC and BitFury. Bitmain is the best.

I think he/she was referring to past manufacturers (see title of thread). It seems even in the 4 you listed the opinions have swayed very far.  Avalon was loved until Yifu cheated everybody.  KNC was loved after their first/second batch and then went to hated.

Avalon is kinda hard as if were talking about past it's a different company things such as Yifu.   If were talking about current it's considered "Canaan-Creative" but almost everyone still calls it Avalon.  I never dealt with the company during the Yifu times (luckily).  I have only dealt with the current one.

Another big one I dont see mentioned was asicminer.  I mean they were the game for a while with block erupters, then blades, then that box.  And now they are nothing.   Who would have guessed that when they number 1 for so long.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1542770035
Hero Member
*
Offline Offline

Posts: 1542770035

View Profile Personal Message (Offline)

Ignore
1542770035
Reply with quote  #2

1542770035
Report to moderator
1542770035
Hero Member
*
Offline Offline

Posts: 1542770035

View Profile Personal Message (Offline)

Ignore
1542770035
Reply with quote  #2

1542770035
Report to moderator
Exoskeleton
Sr. Member
****
Offline Offline

Activity: 313
Merit: 250


View Profile
February 04, 2016, 05:03:16 AM
 #42

So very few hardware manufacturers in the Bitcoin ever delivered more wealth to their clients despite making grandiose claims.  BFL was probably the biggest loudmouth of them all.

The only mass production hardware manufacturers are Bitmain, Avalon, KNC and BitFury. Bitmain is the best.

I think he/she was referring to past manufacturers (see title of thread). It seems even in the 4 you listed the opinions have swayed very far.  Avalon was loved until Yifu cheated everybody.  KNC was loved after their first/second batch and then went to hated.

Avalon is kinda hard as if were talking about past it's a different company things such as Yifu.   If were talking about current it's considered "Canaan-Creative" but almost everyone still calls it Avalon.  I never dealt with the company during the Yifu times (luckily).  I have only dealt with the current one.

Another big one I dont see mentioned was asicminer.  I mean they were the game for a while with block erupters, then blades, then that box.  And now they are nothing.   Who would have guessed that when they number 1 for so long.

As far as I am concerned "Yifu" was nothing more than a fall guy. Avalon was always determined to make as much as possible through whatever means possible, customers be damned. I was one of the many hundreds who got scammed by Avalon back in 2012/2013 and I personally refuse to forgive them. I don't care who they say they are run by or what they changed their name to.

The only reason I suspect they are doing better business now is that they have so much money from cheating people in 2012/2013 that they no longer find that route profitable.
nichu
Full Member
***
Offline Offline

Activity: 154
Merit: 100



View Profile
February 05, 2016, 08:51:16 AM
 #43

really feeling bad for Daniel, who would have ever thought about the price rise , only god could have predicted that  Cheesy , in the context he never lost anything , but hypothetically he lost a fortune  Smiley
barrysty1e
Hero Member
*****
Offline Offline

Activity: 604
Merit: 500



View Profile WWW
February 06, 2016, 12:12:09 PM
 #44

Satoshi himself built several FPGA units.

just like a chocolate milkshake, only crunchy..!
Entropize
Jr. Member
*
Offline Offline

Activity: 58
Merit: 10


View Profile WWW
February 12, 2016, 07:42:24 PM
 #45

I imagine it's really difficult to to put yourself in this guys shoes now that difficulty is so high and pool mining is the only viable option for home miners, but back in the days of cpu mining you'd hit a block of 50 every couple of weeks and eventually be sitting there like "hmmm, I've got 600 bitcoin.... where the hell do I spend them?" there were very few places to turn your bitcoin into actual stuff. I remember dropping 10 bitcoin on a carabiner just to have a physical object I conjured from the ether. Later silk road and some other places offered more options but I mostly spent my coin on new video cards or mining hardware.

I don't feel bad for Daniel at all because if he spent 2700, I can almost guarantee that he had a few more thousand in his wallet. If he didn't sell during the last spike I hope he does on the next one (and I hope that it's soon).

Got friends and family bugging you to explain Bitcoin? Point them to https://bitcoinfaq.info for some answers. I've built the site to have simple answers to complete newcomers and info on what is involved in getting started with mining.

I'm openly taking questions and updating the site with answers and walk-throughs.
Pages: « 1 2 [3]  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!